Act reliably
Our Annual Report
Our Objectives and Key Performance Indicators
Our targets are to achieve full compliance with legal requirements and to prevent misconduct. The number of proven cases of corruption, submitted reports and the results of our regular compliance risk analyses provide us with performance indicators. Our aim is to further strengthen integrity and trust in our company and to manage it in such a way that it is sustained over the long term.
Challenges, Opportunities and Risks
Opportunities
Strong governance and a robust compliance culture help us to be seen as a reliable partner, as well as strengthen investor confidence and create competitive advantages. They also enable us to be proactive in responding to changes in the regulatory environment and to manage risks effectively.
Risks
Failure to meet compliance regulations can lead to legal sanctions, loss of reputation and financial losses. The complexity of global markets and having to continually adapt to new laws and regulations also present risks. We review these risks on an ongoing basis and use these findings to decide on appropriate measures.
Opportunities
Strong governance and a robust compliance culture help us to be seen as a reliable partner, as well as strengthen investor confidence and create competitive advantages. They also enable us to be proactive in responding to changes in the regulatory environment and to manage risks effectively.
Risks
Failure to meet compliance regulations can lead to legal sanctions, loss of reputation and financial losses. The complexity of global markets and having to continually adapt to new laws and regulations also present risks. We review these risks on an ongoing basis and use these findings to decide on appropriate measures.
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Management Approach
Reliable governance and effective compliance are an integral part of our corporate strategy. In a world shaped by rapid change and increasing regulatory requirements, a robust governance structure ensures that we are able to stay on track and take advantage of opportunities. Our compliance measures ensure that we are able to manage risks effectively and guarantee that human rights are protected and ecological standards met. This increases our long-term growth, builds stakeholder confidence and safeguards our market position. We have set up a compliance management system (CMS) which the Chief Executive Officer is responsible for implementing.
At Vonovia, we are leading the way with conviction and a sense of responsibility by consistently complying with all laws and regulations. We set out a clear position on this in our Code of Conduct, which is binding for all employees. This stance not only protects our integrity but also builds greater trust among our employees, customers and business partners. In a dynamic housing market, our aim is to offer security and reliability through transparent actions and fair business practices. We focus on establishing long-term partnerships with our suppliers and service providers who share our values and contribute to our joint success.
Our Contribution to Strong Governance and Effective Compliance
Governance und Compliance
Links
- Click here to view our Code of Conduct
- Click here to learn more about our business philosophy
- Click here to view our Business Partner Code
- Here you can learn more about the composition and work of our Supervisory Board
- Click here to learn more about our Management Board
- Click here to access our current Corporate Governance Declaration
- Here you can find the download center for all commitments and guidelines
- We have set out our ESG performance along with the most important key figures in our ESG Factbook 2023
- You can find further information on this area of action in the Combating Corruption and Bribery section of the Annual Report 2023